Additional borrowing

Here’s how additional borrowing works

Support your clients with their application to borrow more against their existing Residential and Buy to Let properties.

If your customer is looking to do a rate switch as well as additional borrowing, you’ll need to submit these as separate applications. The rate switch application can only be submitted once the additional borrowing has completed. For more information please view our frequently asked questions.

Benefits for you and your client

Available in Mortgage Hub (powered by MSO)

Simple and straightforward application

Procuration fee of 0.35% with a minimum of £50

Debt consolidation accepted


Key information

Eligibility

  • The existing mortgage must be open for at least six months
  • All applications are subject to re-valuation
  • The existing mortgage must not be in arrears
  • Minimum term of 1 year
  • Interest Only customers must have a verified repayment strategy

Key things we lend for

  • Debt consolidation
  • Personal consumption, e.g., car, holiday, wedding, gift to relative, etc.
  • Home improvements
  • Purchasing land or property
  • Shared Ownership staircasing

Our products & affordability

We provide additional borrowing for both our residential and buy to let mortgages. We don’t provide additional borrowing for Limited Company Buy to Let products.


Borrow more online

You can apply online if your client:

  1. Has an existing mortgage with us
  2. Has held their mortgage for at least 6 months
  3. Doesn't need to make any other changes to their mortgage, such as changing term or repayment method, adding or removing borrowers

What you need from your client:

  • Existing mortgage account number

  • Postcode of the mortgaged property

  • Names and date of birth for all applicants on the mortgage

Borrow more over the phone

In some cases your client may need to contact us directly on 03450 50 50 75 for their additional borrowing application.

We do not offer additional borrowing for debt consolidation directly.

Your client will need to call if:

  • They're on a Retirement Interest Only mortgage
  • They have received consent to let on their residential property
  • They have less than 24 months of their mortgage term remaining
  • They have a property bought under the First Homes or other Discounted Market Sale Scheme
  • They have a Help to Buy or Shared Equity mortgage

Unfortunately in these circumstances we can’t pay you a procuration fee.


How to apply

Step 1

Log in to Mortgage Hub to apply for additional borrowing

Step 2

Review the client's current mortgage details

Step 3

Get a Decision in Principle

Step 4

Submit your application


Please note: